Correlation Analysis Between Walker Dunlop and Israel Index

This module allows you to analyze existing cross correlation between Walker Dunlop and Israel Index. You can compare the effects of market volatilities on Walker Dunlop and Israel Index and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Walker Dunlop with a short position of Israel Index. See also your portfolio center. Please also check ongoing floating volatility patterns of Walker Dunlop and Israel Index.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

Walker Dunlop Inc  vs.  Israel Index

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Walker Dunlop is expected to generate 1.04 times more return on investment than Israel Index. However, Walker Dunlop is 1.04 times more volatile than Israel Index. It trades about 0.25 of its potential returns per unit of risk. Israel Index is currently generating about 0.1 per unit of risk. If you would invest  5,708  in Walker Dunlop on November 10, 2019 and sell it today you would earn a total of  946.00  from holding Walker Dunlop or generate 16.57% return on investment over 30 days.

Pair Corralation between Walker Dunlop and Israel Index

0.32
Time Period3 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy73.56%
ValuesDaily Returns

Diversification Opportunities for Walker Dunlop and Israel Index

Walker Dunlop Inc diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop Inc and Israel Index in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Israel Index and Walker Dunlop is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Walker Dunlop are associated (or correlated) with Israel Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Israel Index has no effect on the direction of Walker Dunlop i.e. Walker Dunlop and Israel Index go up and down completely randomly.
    Optimize
See also your portfolio center. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.


 
Search macroaxis.com